Willscot Mobile Mini Holdings Corp A (WSC)
Operating profit margin
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 396,074 | 406,586 | 409,340 | 622,657 | 651,758 | 673,459 | 667,494 | 643,507 | 608,628 | 554,890 | 501,108 | 443,944 | 382,898 | 360,273 | 334,110 | 262,174 | 232,626 | 182,715 | 130,576 | 135,963 |
| Revenue (ttm) | US$ in thousands | 2,368,088 | 2,395,718 | 2,405,579 | 2,408,981 | 2,386,480 | 2,364,767 | 2,342,945 | 2,342,284 | 2,341,837 | 2,285,263 | 2,212,629 | 2,099,008 | 1,978,468 | 1,894,897 | 1,814,624 | 1,741,387 | 1,537,147 | 1,367,645 | 1,200,190 | 1,055,215 |
| Operating profit margin | 16.73% | 16.97% | 17.02% | 25.85% | 27.31% | 28.48% | 28.49% | 27.47% | 25.99% | 24.28% | 22.65% | 21.15% | 19.35% | 19.01% | 18.41% | 15.06% | 15.13% | 13.36% | 10.88% | 12.88% |
March 31, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $396,074K ÷ $2,368,088K
= 16.73%
The operating profit margin of Willscot Mobile Mini Holdings Corp A demonstrates a pattern of gradual growth over the analyzed period, with notable fluctuations in recent quarters. Starting at 12.88% as of June 30, 2020, the margin experienced periods of stability and incremental increases, reaching a peak of approximately 28.49% on September 30, 2023. This upward trend suggests improved operational efficiency and possibly higher pricing power or cost management during the identified period.
Throughout the subsequent quarters, there is evidence of a decline in operating profit margin. By March 31, 2024, the margin decreased modestly to 27.31%, and further down to 25.85% by June 30, 2024. The downward trend accelerates notably in the following quarter, dropping sharply to 17.02% on September 30, 2024, and slightly to 16.97% by the end of 2024. The margin stabilizes somewhat around 16.73% in March 2025.
Overall, the data indicates that the company's operating profit margin expanded from mid-2020 through late 2023, reflecting improved operational profitability possibly driven by revenue growth, cost efficiencies, or favorable market conditions. However, starting in late 2023 and into 2024, the margin’s decline signals potential challenges such as increased operating costs, pricing pressures, or market dynamics affecting profitability. The fluctuations highlight the company's sensitivity to internal and external factors impacting its operating efficiency and overall profitability trajectory.